New York – (business wire)–JP Morgan Wealth Management has launched Quick Deposit for Investments, allowing all clients to easily deposit checks into their investment accounts anytime from their mobile phones.
The client uses the Chase Mobile app[ホーム]or[支払いと送金]tab’s[小切手入金], take a photo of the check, and deposit the funds into your investment account within 24 hours. This is another step in building JP Morgan Wealth Management’s digital investment capabilities.
Christine Lemkau, CEO of US Wealth Management at JP Morgan, said: “Now we have the same ability to invest. Our clients can deposit higher dollar checks into investment accounts quickly and securely.”
Examples of quick deposits for investment transactions are:
Deposits in Taxable Investment Accounts
Contributing to a Traditional IRA or Roth IRA
Rollover a 401(k) or other employer-sponsored retirement plan to an IRA (must be a “like” account, both pre-tax or both post-tax)
Transfer another company’s IRA to JP Morgan Wealth Management (must be ‘like’ accounts, both pre-tax or both post-tax)
JPMorgan Chase was one of the first banks to offer fast deposits to bank accounts and this feature is now available for investment accounts. Clients can deposit up to $100,000 into taxable accounts every 30 days , you can deposit up to $500,000 into your retirement account. Clients can also use Quick Deposit for Investments on the JP Morgan App.
Ranjit Samra, Head of Technology at JPMorgan Wealth Management, said: “Quick Deposit for Investment allows them to do this efficiently, instead of mailing a check or going to a branch.”
JPMorgan Wealth Management offers a full range of services and products for clients to plan and invest. They can invest digitally online, invest remotely with an advisor via video or phone, or invest face-to-face with an advisor at an office or local Chase branch.
JP Morgan Wealth Management ranked #1 for Customer Satisfaction with Wealth Management Digital Channels in the JD Power 2022 U.S. Wealth Management Digital Experience Study.
In December 2022, JP Morgan launched Wealth Plan. It’s a free digital money coach that gives every Chase customer a complete picture of their finances, helping him plan, save and invest all in one place. Wealth Plans are available to all 62 million digitally active Chase customers on the Chase Mobile app and Chase.com.
Accounts eligible for investment quick deposit include brokerage and managed accounts. Individual or Joint, Taxable, Traditional IRA or Roth IRA. Funds deposited before 8:00 PM ET are generally available for investment within one business day.
About JP Morgan Wealth Management
JP Morgan Wealth Management is the U.S. wealth management business of JP Morgan Chase & Co., a leading global financial services company with $3.8 trillion in assets and operations around the world. JP Morgan Wealth Management has approximately 5,000 advisors and approximately $615 billion in assets under management. Clients can choose how and where to invest. They can do it digitally, remotely, or in person by meeting with advisors at any of his more than 4,700 Chase branches across the United States or at any of his 30 offices. For more information, please visit www.jpmorgan.com/wealth and follow us. @JPMWealth on Twitter.
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Investment and insurance products include:
• Is not FDIC insured • Is not insured by a federal agency • Is not a deposit or other obligation or guarantee of JP Morgan Chase Bank, NA or its affiliates • Principal amount invested subject to investment risks, including possible loss of
JP Morgan Wealth Management received the highest score in the JD Power 2022 US Wealth Management Digital Experience Survey for overall customer satisfaction with its wealth management website and mobile app. For more information, visit jdpower.com/awards.
JPMorgan Wealth Management, a business of JPMorgan Chase & Company, provides investment products and services. JP Morgan Securities LLC (JPMS), Registered Broker-Dealer and Investment Advisor, Member FINRA and SIPC. Insurance products are offered through a licensed insurance agency, Chase Insurance Agency, Inc. (CIA), which does business in Florida as Chase Insurance Agency Services, Inc. Certain custody and other services are provided by JP Morgan Chase Bank, NA (JPMCB). JPMS, CIA and JPMCB are affiliates under common control of JP Morgan Chase & Company. Products are not available in all states.
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